FECC-First Ecom announces deal with OMKT-Open market .
Monday May 3, 9:04 am Eastern Time
Company Press Release
SOURCE: Open Market, Inc.
First Ecom.com Announces Its New International Internet Commerce Services Using Open Market's Transact Software
HONG KONG, May 3 /PRNewswire/ -- First Ecom.com (Nasdaq OTC BB: FECC), a provider of online credit card transaction processing services for merchants outside of North America, and Open Market, Inc. (Nasdaq: OMKT - news), a leading provider of Internet commerce and information publishing software, today announced that First Ecom.com has licensed Open Market's Transact(TM) software to provide commerce services to international merchants, Internet Service Providers (ISPs), hosting providers, and large utility providers that are using First Ecom.com's credit card payment gateway for e-commerce transactions over the Internet.
By utilizing Transact's unique distributed architecture, First Ecom.com will be able to serve the e-commerce transaction processing needs of its clientele from anywhere in the world regardless of their
physical location or the limitations of local networks or local financial institutions. As a result of this international reach, First Ecom.com can provide services, including merchant setup and secure transaction processing, to merchants and ISPs in regions where no current e-commerce processing infrastructure exists.
''Our goal is to be a leading player in the Internet commerce service provider marketplace,'' said Gregory Pek, president and CEO of First Ecom.com. ''We feel that Open Market's Transact software is the best
option to support our aggressive initiative. And, in addition to this best-of-breed software, Open Market has extensive support programs that will help us with the challenge of promoting our services to a global audience.''
''Open Market is pleased to be working with First Ecom.com to address the Internet commerce needs of merchants that have not had access to these powerful applications to date,'' said Alan Cornwell, vice
president, International. ''In fact, Open Market will now be able to refer inquiries from merchants in regions that are not yet e-commerce enabled to First Ecom.com for merchant set-up and transaction
processing.''
More about Open Market's Transact
At the core of Open Market's Internet commerce platform is Transact, an enterprise application that manages Internet commerce. Transact offers powerful functionality, including complete order management, online customer service, security, authentication, record-keeping, flexible purchasing and payment models, secure transaction processing, and automatic calculation of worldwide tax and shipping charges.
More about Open Market
Founded in 1994, Open Market, Inc. (Nasdaq: OMKT - news) is the market-share leader in Internet commerce software with over 20,000 merchant licenses sold worldwide. Open Market's high-performance application software products and professional services allow its customers to engage in business-to-consumer and business-to-business Internet commerce, information commerce, and commercial publishing. Among Open Market's distinguished roster of global customers are many of the most popular domains on the Web, including Lycos.com, AOL.com, Time Warner, major industrials such as Ingram Micro, Milacron, and Acer, more than 700 publishers using Folio Products, including the top 10 commercial publishers, and 10 of the world's top 13 national telephone companies. The company, headquartered in Burlington, Massachusetts, with offices in Japan, Canada, the UK, France, Germany, The Netherlands, Italy, and Australia can be reached by calling 1.888.OPEN.MKT or by visiting openmarket.com.
More About First Ecom.com
First Ecom.com, Inc. is a U.S. company trading on NASDAQ OTC-BB under the symbol FECC. First Ecom.com provides online credit card transaction processing services for merchants outside of North
America. Through a series of strategic alliances, First Ecom.com approves merchants and processes transactions in a tax-neutral jurisdiction without the need for using U.S. banking institutions or U.S.-based ISPs. Using First Data Corp.'s processing platform, First Ecom.com offers online credit card processing solutions for merchants in their preferred currency. For more information, contact First Ecom.com at 888-305-8233 or by email at ir@firstecom.com.
This news release contains forward-looking statements, as such term is defined under applicable law, that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of the Internet market, changes in product pricing policies, competitive pressures, and the risk factors detailed from time to time in the company's
periodic reports and registration statements filed with the U.S. Securities and Exchange Commission.
Open Market, Transact, and We ARE Internet Commerce are trademarks or registered trademarks of Open Market, Inc. in the United States and other countries.
SOURCE: Open Market, Inc. |
